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He soon entered the trading of commodities, as his mother had insisted. After developing good relations with suppliers and customers in the business of commodities trading, he acquired a failing jute mill at a bargain, this venture proved to be lucrative and allowed GM Rao to use this leverage from
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GMR Varalakshmi
Foundation (GMRVF), is the Corporate Social Responsibility arm of the GMR Group. Its objectives are to develop social infrastructure and enhance the quality of life of communities around the locations that has the Group's presence. This non-profit (Section 25) company has its own
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Rao eventually diluted his stake in ING Vysya by selling his stake in whole for 340 crores. The cash from the bank stake sale allowed his entry into the power business allowed Rao to build what would become India leading infrastructure asset developer, as GMR's most relevant competitor,
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111:, a global infrastructure developer and operator based in India. Started in 1978, GMR Group is now present in 7 countries, active in energy, highways, large urban development and airports sectors, known for building and operating world-class national assets.
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1,540 crores for charitable purposes. He mentioned in an interview that Warren
Buffett is an inspiration for him to pledge his money in support of 'Giving back to society'.
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Skill
Development Corporation. The government plans to invest ₹ 700 crore in the skill development initiative, which will train approximately two crore people in 10 years.
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135:. He was born in an upper-middle-class family whose main business interests involved commodities trading and a small-scale jewelry business started by his father in
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local banks to acquire other assets. Eventually, GM Rao divested his stake in a multitude of industries and started a bank named Vysya Bank in collaboration with
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107:(born 14 July 1950) is a mechanical engineer, billionaire industrialist, the founder chairman of
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the leader in India as an airport developer by revenues, asset size, and market capitalization.
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401:"GMR Group head GM Rao appointed Chairman of Andhra Pradesh Skill Development Corporation"
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491:"GMR Varalakshmi Foundation is the Corporate Social Responsibility wing of the GMR Group"
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GM Rao received the
Economic Times Entrepreneur of the year Award in 2007,.
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143:, Rao joined a paper mill as a shift engineer and then joined the
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of the Andhra
Pradesh Government as a junior engineer.
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449:"GMR donates Rs 1,540cr to charity. Deccan Chronicle"
383:"The GM Rao way to building a business for eternity"
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staff and is
Governed by Group Chairman, GMR Group.
427:"Entrepreneur of the Year: Grandhi Mallikarjun Rao"
225:"The List of Great Entrepreneurs of India in 2015"
170:In 2014, he was appointed as the chairman of the
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332:"7 from Andhra Pradesh make it to Forbes list"
473:"GMR Group pledges Rs 1,540 cr for charity"
290:: CS1 maint: numeric names: authors list (
276:. EntrepreneurSolutions.com. Archived from
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357:"Interview with GM Rao of the GMR Group"
330:archive, From our online (15 May 2012).
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601:Indian Premier League franchise owners
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223:Srikar Muthyala (29 September 2015).
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576:Businesspeople from Andhra Pradesh
272:Bhupathi Reddy1 (30 August 2015).
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429:. Economic Times. 4 October 2007
591:People from Srikakulam district
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274:"Top 10 Entrepreneurs of India"
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227:. MyBTechLife. Archived from
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529:International Herald Tribune
39:Portrait of Mallikarjuna Rao
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539:Business today news article
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361:Moneylife NEWS & VIEWS
196:GMR Varalakshmi Foundation
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544:28 November 2007 at the
477:businesstoday.intoday.in
139:. After graduating from
105:Grandhi Mallikarjuna Rao
26:Grandhi Mallikarjuna Rao
596:People from Uttarandhra
581:Indian chief executives
534:Rediff.com news article
145:Public Works Department
551:Economic Times article
524:Forbes World's Richest
519:Forbes India's Richest
387:The Hindu Businessline
336:The New Indian Express
253:on 15 September 2008
16:Indian industrialist
566:Indian billionaires
280:on 26 January 2016.
243:"GMR holding board"
231:on 14 January 2016.
125:Srikakulam district
407:. 17 December 2014
461:on 25 March 2011.
141:Andhra University
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85:Chairman of
55:14 July 1950
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571:1950 births
433:15 December
315:28 November
74:Nationality
560:Categories
500:17 January
411:17 January
210:References
115:Early life
82:Occupation
51:1950-07-14
310:GMR Group
247:GMR Group
165:GMR Group
109:GMR Group
87:GMR Group
542:Archived
495:Gmrgroup
286:cite web
257:24 April
97:G.M. Rao
366:24 June
341:12 July
186:Charity
93:Website
68:, India
178:Awards
77:Indian
306:"RBI"
194:arm,
137:Rajam
133:India
121:Rajam
62:Rajam
502:2023
435:2014
413:2023
368:2021
343:2024
317:2011
292:link
259:2008
190:Its
45:Born
192:CSR
161:GVK
153:ING
127:in
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